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China and U.S. likely cooperate in gold suppression, researcher Koos Jansen says
10:43p ET Wednesday, April 23, 2014
Dear Friend of GATA and Gold:
China and the United States are probably cooperating for the time being in suppressing the price of gold so that China can obtain gold to hedge its foreign exchange surplus of U.S. dollars without collapsing the dollar's value or exploding the gold price, China gold market expert Koos Jansen tells Sprott Money News in an interview today.
Jansen, a consultant to GATA, adds that he expects China's next official announcement of its gold reserves to be in the range of 4,000 to 5,000 tonnes.
The interview is available in both audio and text at the Sprott Money Internet site here:
Meanwhile Jansen reports at his Internet site, In Gold We Trust, that Chinese gold demand remains in a downtrend over the last few weeks:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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